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General Dynamics 3rd-quarter profit falls

General Dynamics 3rd-quarter profit falls

General Dynamics says third-quarter earnings sank nearly 10 percent hurt by weak demand for business jets, but sales in its defense-related segments grew allowing the military contractor to boost its profit outlook for the year.
General Dynamics Corp. now predicts 2009 earnings per share between $6.15 and $6.20 per share. Analysts expect $6.18 per share, according to Thomson Reuters. The company previously forecast profit of $6.05 to $6.15 per share.
In the third quarter, Falls Church, Virginia General Dynamics' profit declined nearly 10 percent to $572 million, or $1.48 per share, above Wall Street's forecast of $1.40 per share.
Revenue grew 8.1 percent to $7.72 billion led by the company's combat systems division.


Updated : 2021-02-27 00:03 GMT+08:00